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13:49
Fiscal statement released, pound volatility limited as market focus shifts to official growth forecasts
Golden Ten Data reported on March 3 that after UK Chancellor Reeves announced no further adjustments to fiscal policy in the Spring Statement, the pound remained flat, and market focus shifted to the Office for Budget Responsibility's updated economic and fiscal forecasts. It is expected that the real GDP growth rate will slow to 1.1% this year, then rise to 1.6% in 2027 and 2028, and remain at 1.5% in both 2029 and 2030. The inflation rate is expected to fall to 2.3% this year and reach the Bank of England's 2.0% target from 2027 onwards. However, the Office for Budget Responsibility pointed out that its forecasts face "significant risks" due to the Middle East conflict.
13:49
According to the terms of the agreement reached by both parties, Unleash will receive 1,136,364 preferred shares issued by TransCode Therapeutics.
This equity arrangement marks a significant advancement in strategic cooperation between the two companies.
13:47
Dow Chemical recently announced that, in addition to the previously awarded damages, the company has confirmed receipt of cost compensation totaling 1.4 billion Canadian dollars (approximately 180 million US dollars).
This payment has propelled the company’s total earnings in this case to 1.8 billions CAD, significantly strengthening its cash flow. The funds will be used to support strategic corporate investments and debt restructuring, further consolidating its competitive barriers in the chemical industry. Industry insiders pointed out that this substantial compensation demonstrates the strict stance of international arbitration institutions on intellectual property protection, and also provides an important reference for the rights protection practices of similar multinational enterprises.
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